The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-01-05
CONDITION OF THE MARKETS
A Decline in Wheat, the Market Closing
Two Cents Lower than on Monday.
Corn Fairly Active and Easier, in Sympathy
with Wheat-0ats Moderately Active-Pro. p
visions Weak at Slightly Lower Prices.
MONEY, BONDS AND STOCKS.

The "Bears" Attack Stocks of All Kinds,
and Achieve Considerable Success.
NEW YORK, j an. Mooney on call was easy
at 406 per cent, closing at per cent.
Prime mercantile paper, Ca per cent
Sterling exc hange was quiet but steady and
unchanged
The total sales of stocks to-day were 395, 7l8
shares, including the following Canada South
ern, 0, $50; Delaware, Lackawanna & Western,
1850; Erie, Is, $50; Kansas & Texas, 4,74O;
Lake Shore, IA, 600; Louisville & Nashville. 49,,
100; Northwestern, 3,355; New Jersey Central
%, 426; Reading $751; 700; ST. Paul & Omaha, g.
COS; Texas g. Pacific, 1850; Union Pacific, To-
0lO; Western Union, 49, $780, Oregon & Trans
continental, 5,405.
Government and State bonds were dull and
steady.
The bears had another field day to-day,
attacking the prices of stocks all around with
marked success. No particular news was re-
ceived which gave excuse for the declines
established, but the probability of the passage
of the interstate commerce bill tomorrow, and
the reported attitude Of certain noted specu-
lators, were used by the bears" for their effect
upon the market. A heavy drive was made at
the coal stocks in the afternoon, the only reason
for which was q strike of coal beavers at this
port. AT the same time absolutely no support
given to prices By the advocates of higher
figures. London came lower this morning, and
some selling INDUCED in by the foreign ele-
ment early in the day There were several
slight rallies at different periods when the
pressure was momentarily removed, the market
at such times being quiet, while the declines
were invariably accompanied by increased ac-
tivity. The substantial stocks were the chief
sufferers, though several Of the fancies showed
marked weakness. The Nckle plate
decision responsible for a
further decline in the stocks Of
that company After delivery hour there was
some covering of shorts" which gave the mar
ket much more substantial appearance at the
close. The opening WAS decidedly weak, de-
clnes from last evenings final figures ranging
uptos Richmond q West Point was n con-
spicuous exception to the general rule, opening
up ! per cent There We're further losses in the
early trading on active business A rally quick
~ followed, Blu. the market failed in most cases
to regain the early losses. period of dizziness and
comparative frmness ensued, but the attack
upon the coalers and certain OF the Vanderbilts
carried the entire market down again, the de-
cline being checked in the last hour Best
prices generally those of the opening,
while the lowest were recorded in the early part
of rhe last hour Sales. 395. rs shares; Reading,
5000: Lackswanna, .50.950; Western Union,
81 $780, West Point, %, 10; ST. Paul, &c ITO
Everything is lower, Nckel-plate preferred los
ing 81, louisville &c Nashville and Colorado
Coal. %; Western Union, q! Lackawanna. %
New England. q. Cameron Coal, A.
Railroad bonds were moderately active. Sales
Sl,374. COO Nickepat trust receipts were the
special features, and after selling down pei
cent, to So, rallied TO 90 upon the belief that the
decision could not stand They finally closed al
50, net loss OF upon sales of $347, 900. The
general list was quiet, with marked improve
ment Closing quotations were: